ANSA news

EU19: Eurostat confirmed, inflation down to 1.4% in May

Fri, 16/06/2017 - 14:14

(ANSA) - BRUSSELS - Inflation in May dropped to 1.4% from 1.9%
in April, whereas it was 0.1% a year earlier. Eurostat reports
confirmed the flash estimate. In the EU-28, inflation dropped to
1.6% from 2%, whereas in May 2015 it was down 0.1%.
The lowest rates were recorded in Ireland, Romania (0.5%),
Denmark and the Netherlands (0.7%); the highest in Estonia
(83.5%), Lithuania (3.2% ) and UK (2.9%). The highest upward
impetus came from fuel (up 0.19%), heating (up 0.06 %), whereas
downtrend was driven by telecommunications (down 0.10%), and
social protection (down 0,04%).
The hourly cost of labour in the eurozone increased by 1.5% in
the first quarter compared with a year ago, when it was 28.1%,
while in Italy it was up 0.8%. The countries which recoreded the
highest increases were Romania (up 17.2%), Hungary up 11.7%),
Bulgaria (up 10.1%), Lithuania (up 9.9%) and Latvia (up 9,1%),
whereas the most significant drops were recorded in Finland
(down 2.7%), Luxembourg and the Netherlands (0.1%).

In brief

Founded in 1989, the CEI is a regional intergovernmental forum committed to supporting European integration through cooperation among its Member States.
It combines multilateral diplomacy and project management, both as donor and recipient, while bridging European macro-regions.